Answer:
A. True
Explanation:
At the time of publishing the financial statements of the public companies under the jurisdiction of the Securities and Exchange Commission (SEC) is compulsory to hire the independent auditor or we can say Chartered Accountant (CA) so that he or she can assess the financial statement prepared by the public company whether it follows the Generally Accepted Accounting Principles (GAAP) or not.
And, according to that the independent auditor given his or her qualified or unqualified opinion
D) All are opportunity costs.
Explicit fees are input expenses that require an outlay of cash via the firm. Implicit fees are input expenses that do not require an outlay of cash by means of the firm.
An example of an implicit cost is the foregone profits that a business owner-manager ought to have earned operating for someone else. given that constant expenses are regular as output will increase, common fixed prices are also regular.
Examples of implicit fees consist of the loss of interest earnings on funds and the depreciation of equipment for a capital project. they will additionally be intangible expenses that are not easily accounted for, inclusive of whilst an owner allocates time in the direction of the renovation of a organization, in preference to the use of those hours some place else.
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A category of data such as a customer's name, city, state, or phone number is called a field.
<h3>What is a field in data organization?</h3>
Field can be regarded as the smallest unit of data organization, which contains a specific category of data , and these data could be customer's name, city, state or phone number.
Hence, A category of data such as a customer's name, city, state, or phone number is called a field.
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Answer:
time and money that could be used on other things
money that could be spend elsewhere.
feeling better and having more confidence
Explanation:
Trade off is the sacrifice that must be made in order to carry out a certain activity. By deciding to go shopping, i would be sacrificing time and money.
Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
The opportunity cost of buying new clothes is what I could have used the money to do instead
The benefits of buying new clothes are the advantages i would derive from owning the clothes
Answer:
The correct answer is "$120,250".
Explanation:
The given values are:
Opening inventory
= $38,500
Closing inventory
= $15,250
Purchases
= $97,000
Now,
The cost of materials used during the month of February will be:
= Opening Inventory + Purchases - Closing Inventory
On putting the estimated values in the above formula, we get
= 
= 
($)
